SECURITY DEPOSIT
7a The deposit will be held by [The Deposit Protection Service] for the duration of the Tenancy under the conditions stated in the Security Deposit clause of this Agreement. The Landlord will forward a Tenancy Deposit Scheme Certificate to the Tenant with a tenancy UID code.
7b There is no deposit paid in a three month rental.
7.1 The Security Deposit will be held by a member of the rent deposit scheme for the duration of the Tenancy, with the exception of general wear and tear, in respect of:
7.1.1 Dilapidations, breakages, claims, damages and costs for which the Tenant may be liable under the tenancy or otherwise in connection with the occupation of the Premises so that any balance of the said deposit shall be returned without interest to the Tenant when the amount of any such matters for which the Tenant may be liable has been determined and where the Tenant comprises of more than one person the Landlord (or in the absence of any agreement in writing between the persons comprising the Tenant/s signed by them and delivered to the Landlord) may refund such balance as aforesaid in equal shares to the persons comprising the Tenant.
7.1.2 Any damage to the Property or the Fixtures and Fittings and Effects for which the Tenant may be liable as certified by the Inventory Clerk in the inventory check-in and check-out report.
7.1.3 Any instalment of rent or any other monies payable under this Agreement which may be due but remain unpaid.
7.1.4 Any unpaid charges for water, electricity, gas, telephone, Council Tax incurred during the time the Tenant is in the Property.
7.1.5 Any breach on the part of the Tenant of the Tenant’s obligations under this Agreement.
7.1.6 Any damage caused or cleaning required as a result of any pets occupying the Property either with or without the Landlord’s consent.
7.2 The Tenant will have to pay for and provide proof of a professional clean at the end of the tenancy, if this is not arranged by the tenants then the Landlord maintains the right to deduct the cost of the clean from the Security Deposit.
7.3 The Deposit will be held by a member of the rent deposit scheme and at the end of the Tenancy after all parties are in agreement over deductions for repairs, any remaining Security Deposit will be returned to the Tenant.
7.4 If the Tenant vacates the property at any time without giving the required notice or is in breach of this Agreement, they will forfeit the Security Deposit and it will be transferred to the Landlord.
7.5 The Landlord may at any time deduct from the Security Deposit any unpaid rent or other monies for any loss or expenses incurred or suffered by the Landlord or any sums expended by the Landlord arising out of any of the foregoing matters including legal and other professional fees.
7.6 The Landlord reserves the right to authorise the member of the rent deposit scheme to retain the Security Deposit until the Landlord is satisfied that any charges payable by the Tenant in respect of water, gas, electricity, telephone or council tax for the Property have been paid in full and proof of which is provided by the Tenant of receipted termination accounts to the Landlord.
7.7 In any case where the Landlord has the right to make a deduction from the Security Deposit in respect of more than one claim or deduction then the Landlord shall have the right to make such apportionment in such priority as he shall see fit.
7.8 If the Landlord sells the Property or transfers the reversion immediately expectant upon determination of the Tenancy the Landlord shall pay the amount of the Security Deposit (or the balance thereof) to the purchaser or transferee of the same whereupon the Landlord shall be released from any further claim or liability in respect of the Security Deposit or any part thereof.
7.9 In the absence of any notice of a claim against the Tenant within 21 working days of the termination of the Tenancy, the Landlord will be deemed to have accepted that no further sums are due and the Landlord will forthwith repay all sums outstanding to the Tenant.
7.10 Where a dispute arises in line with claims against the Security Deposit, these disputes will be referred to the Tenancy Deposit Scheme (TDS) service. The disputed amount will be transferred to the TDS pending the outcome of the arbitration between the Landlord and the Tenant. If the amount of monies that the Landlord is entitled to deduct from the Security Deposit under this part exceeds the amount held as the Security Deposit, the Landlord will require the Tenant to pay that additional sum to the Landlord within 14 days of the Tenant receiving that request in writing. Interest will be payable if the outstanding amount is not received by the Landlord within 30 days of the request in writing being made to the Tenant.
7.11 The Security Deposit is held against dilapidations and repairs but may also be accepted as payment towards the final months rent should no damage be noted.